News Highlights: Top Company News of the Day
Elon Musk Proposes Closing Twitter Deal on Original Terms
An agreement would allow the social-media company and the
billionaire to avert a high-stakes trial that was set to start
soon; Twitter shares soar 22%.
Icahn, Others Clean Up on Musk's Twitter About-Face
The activist investor had a stake in the social-media company
worth well over $500 million before Tuesday, sources say.
Juul Prepares to Seek Financing for Potential Bankruptcy Process
The vaping company has been working with restructuring advisers
amid a dispute with the FDA.
Amazon Freezes Hiring in Retail Division
The company has been dealing with slowing growth in its retail
segment this year.
CALB to Raise About $1.26 Billion From Hong Kong IPO
Chinese battery maker CALB Co. has priced its Hong Kong initial
public offering at $4.84 a share, aiming to raise an estimated
$1.26 billion in net proceeds.
Link Weighs Fresh Dye & Durham Proposal for Some Business Units
Australia-based Link Administration Holdings is considering an
offer from Canadian cloud-based software company Dye & Durham
for its corporate markets business and its entire banking and
credit management unit.
Ray Dalio Hands Over Control of Bridgewater
The billionaire Bridgewater Associates founder stepped down as
co-investment chief of the largest U.S. hedge fund firm, nearly
five decades after he started it in his Manhattan apartment.
Micron to Spend Up to $100 Billion on Chip Factory in New York
The semiconductor plant in Clay, N.Y., would be the largest in
the U.S., as Washington tries to boost the industry.
Ford's U.S. Sales Fell 9% in September
The auto maker said U.S. sales of trucks, which made up nearly
half of its U.S. monthly sales, dropped more than 18%, offsetting a
surge in sales of its electric vehicles.
DXC Stock Surges on News of Potential Sale
The information-technology company said it has been approached
regarding a potential acquisition, but that it hasn't received a
(END) Dow Jones Newswires
October 05, 2022 05:00 ET (09:00 GMT)
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